The single currency continued to move higher, suggesting medium-term uptrend from 1.2329 (Oct 08') remains in progress and further gain to 1.4950/53 cannot be ruled out, however, loss of upward momentum should cap price at 1.5000/06 and bring much-needed correction later.  
  
On the downside, only a breach of 1.4799 would signal a temporary top is made and bring retracement to 1.4762 and possibly towards 1.4720/30.